REBusinessOnline

Beware of Double Taxation on Personal Property

Many states tax business personal property, a classification that includes furniture, fixtures, equipment, machinery and, in some states, inventory. Whatever the jurisdiction, the values of business personal property and real estate can easily be conflated in ad valorem taxation, unfairly burdening the taxpayer with an additional appraisal and/or taxation. If you live and work in a state that doesn’t tax business personal property, it may be included with the taxes on your real estate …

Complacency Equals Vulnerability in Seniors Housing Industry, Warns Benchmark CEO Tom Grape

Tom Grape has a sobering message for a senior living industry facing a growing number of disruptive forces, including rapid technological change and shifting consumer preferences that pose a threat to the long-term health of the sector. “If we continue to think of ourselves as senior living operators in the way that we have, I personally think we’re vulnerable. If we think of ourselves in ways that will allow us to compete for this new era, we’ll be positioning ourselves …

RED: Florida 2018 Multifamily Performance Shines, Despite Rising Supply

[caption id="attachment_215024" align="alignright" width="100"] Daniel HoganDirector of Research,RED Capital Group[/caption] Florida markets typically perform well during flush economic times and the current cycle isn’t an exception. Blessed with the fastest growing population east of the Rockies and a business-friendly tax and operating cost environment, Florida is one of the first alternatives multifamily developers and investors look to when the primary markets begin to feel …

U.S. Wage Growth Points to Likely Interest Rate Increase in December, Say Real Estate Economists

The Bureau of Labor Statistics (BLS) released its monthly jobs report on Friday, Nov. 2, revealing that the U.S. added 250,000 jobs in October, above forecasts of 188,000 by The Wall Street Journal. The unemployment rate also stayed at 3.7 percent, its lowest rate since 1969. In addition to the strong employment findings, the BLS reports that wages are up 3.14 percent over the past 12 months, the first time since April 2009 that the metric rose more than 3 percent from a year earlier. The …

What’s Your Take on Real Estate in 2019?

The editors of France Media are conducting a brief online survey to gauge market conditions, and we welcome your participation. This survey should only take a few minutes to complete. Questions range from property sectors that you are most bullish on heading into 2019 to trends in deal volume to your outlook for interest rates. The results will be collated and published in the January issues of our regional magazines. Conducting these surveys is part of our mission at France Media to provide …

Strong Economy Bolsters Absorption, Rents in U.S. Office Market, Says Transwestern Report

HOUSTON — A robust American economy is strengthening the fundamentals of the country’s office market, keeping vacancy in check and driving asking rents up, according to a new report from Houston-based Transwestern. Strong job growth resulting in a 3.7 percent unemployment rate in October, coupled with a 3.5 percent increase in GDP during the third quarter, propelled the U.S. office market to nearly 23 million square feet of positive net absorption. Year-to-date absorption in the office …

When Done Right, New Stadium Development Can Transform Neighborhoods

The practice of building large stadiums and sports arenas in urban areas has long been a hotly debated strategy. Critics cite the civic disruption that comes with unavoidable breakdowns in infrastructure and transportation and the significant parking and logistical requirements. There’s also the difficulty of reconciling the financial bottom line, or the aesthetic and functional disconnect of a grand facility that operates intermittently and towers over its surroundings. Stanford economist …

Revival is Afoot at the Nation’s Regional Malls

The malls of yesteryear are not dead, but many are in need of a revival if they want to thrive tomorrow and beyond, believes Leslie Lundin, co-founder and managing partner at LBG Real Estate Cos. Lundin, who held the “Transforming Challenges into Opportunities” workshop on Monday at ICSC’s Western Dealmaking Conference at the Los Angeles Convention Center, asserts that many mall properties are situated in prime traffic corridors — meaning the traffic is there but it’s up to the owner …

Real Capital Markets, SIOR: ‘Plenty of Runway Left’ for Industrial Sector

CARLSBAD, CALIF. — Institutional, private and foreign investors all continue to pour capital into the industrial sector in the Midwest and nationwide, confirming there is still “plenty of runway left,” according to the 2018 Industrial Investor Sentiment Report from Real Capital Markets (RCM) and SIOR. The steady flow of capital and positive momentum within the sector comes despite looming threats from rising interest rates, tariffs and a diminishing supply of quality assets. “The …

More Seniors Housing M&A Activity on the Horizon, According to Capital One Survey

CHICAGO — Some 92 percent of executives from the seniors housing and long-term care industry expect the pace of mergers and acquisitions within the sector to remain the same or increase over the next 12 months, according to newly released findings in a Capital One survey. Conversely, only 8 percent expect M&A activity to decrease. Conducted in September, the e-mail survey asked professionals to provide their 12-month outlook on a number of issues in the seniors housing space. …

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